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C-4 - Savings and Credit Unions Act

Section 153
Disposition versions

Full text
153. In the case of a federation to which this Act applies and whose general reserve is not, at the close of the business year current on 23 June 1978, equal to 1% or more of the liabilities of the federation constituted by the deposits of members, at least 25% of the annual operating surplus must be allocated to that reserve.
1978, c. 85, s. 37.
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